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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (49723)12/22/2025 9:40:06 AM
From: Les H  Read Replies (1) | Respond to of 49754
 
Pax Germanica

German Chancellor Friedrich Merz last week decried the end of Pax Americana and declared that Germany will fill the void:

“The decades of Pax Americana for Europe and Germany are largely over for us. It no longer exists as we knew it. Nostalgia will not help us, and I would be the last person to give in to this nostalgia. This is a reality! The Americans are now very fiercely defending their interests. And that is why we must now defend our interests.”

What were the first acts in defending those interests? Germany approved a nearly $60 billion spending package—believed to be the largest in post WWII German history— that provided a boost to defense stocks, which have begun to come down slightly from their record highs. And on Friday the EU approved 90 billion euros in joint debt in an attempt to keep Project Ukraine limping along.

What does it all mean? Is Germany seriously considering conflict with Russia or is it more subterfuge to push the train down the dual tracks of enriching the capital class while holding together the supranational European project? Probably both—but as the European elite bust out their own countries, run up the tab on rearmament, and do all they can to antagonize Russia in Ukraine and elsewhere, when exactly is common sense supposed to kick in?

Pax Germanica | naked capitalism